JSW Cement expects a strong demand recovery in the coming quarters, aided by increased government spending, good monsoon and pick-up in rural demand. (Photo Source: Envato) JSW Cement’s variable cost/tonne is significantly lower than that of peers given the higher share of GGBS in its overall production (+40%). The company has achieved cost savings of Rs 200/tonne in H1 and expects another Rs 200/tonne of cost savings in H2, led by increasing green power/AFR share, logistics optimization and positive operating leverage.

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